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US employers added a robust 272K jobs in May

The unemployment rate edged up to a still-low 4%, from 3.9%, ending a 27-month streak of unemployment below 4%, the Labor Department said Friday.

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Social Security insolvency draws closer due to COVID recession

The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security’s massive trust fund will be unable to pay full benefits in 2034 instead of last year’s estimated exhaustion date of 2035.

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